
The Korean won weakened to about 1,344 won per dollar as foreign investors bought more than 106,500 dollar futures contracts while the KOSPI rallied. Trump reportedly told Netanyahu he prefers a diplomatic solution to the Iran war, and December WTI fell more than 3% to near $100 per barrel.
Lower oil on Iran peace hopes eases energy input costs for feed and fertilizer, while a firmer dollar against Asian currencies can slightly weaken import demand for US feed commodities in dollar terms.
Not enough comparable past events yet for a historical read.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.